Latest Report Spotlights Need For Fuel Cell Technology In Future

(I-Newswire) August 10, 2005 - The recently released market research report titled "Fuel Cell Vehicles-Revolutionizing Automotive Industry" by RNCOS, a premier market research firm in India, has touched the most critical factor responsible for driving the fuel cell technology in the marketplace. The main factor discussed is the need-imposed by depleting oil reserves as well as the consumers' burgeoning demand for increasingly intelligent technologies.

The tech savvy age of portable electronics has induced the fuel industry to come up with alternatives to face the looming oil crisis across the globe. Besides technological breakthroughs, there are various environmental, economic, and political factors that have come to play over the decades, including changes in climate, rising oil prices, disputes among oil-producing nations, and the positive approach of the governments towards this technology.

The report gives a comprehensive analysis of the present and future scenario of automotive industry, in light of the promising fuel cell technology. Apart from discussing the factors, the report also gives an insight into the companies, in the US and outside, that are involved in manufacturing the components of fuel cells used in automobiles.

To get a copy of the report titled, "Fuel Cell Vehicles-Revolutionizing Automotive Industry", visit the RNCOS website www.marketsmonitor.com. For further queries, contact the RNCOS Head Office (29, F.I.E. Ist Floor Patparganj Industrial Area. Delhi-110092; Tel: +91-11-5214-1229 or at info@marketsmonitor.com).

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James A. Marriott